For Sale: 257 Oak Street, Greater Sudbury, ON - REW
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$775,000
0 bd • ba • sf • Multifamily
257 Oak Street
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$775,000
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257 Oak StreetGreater Sudbury, ON, P3C 1N1

  • 0 Bed
  • Bath
  • Sqft
  • Multifamily

About this home

This solid 4-plex located at 257 Oak Street features four spacious 2-bedroom units, all currently tenanted on plus-hydro leases with reliable tenants in place. The property includes an attached rear-access garage already generating storage income, along with three brand new basement storage units ready to rent as additional revenue streams. The roof was fully replaced in 2022, and the building runs on a gas boiler with a full-height walk-out basement. With all appliances included, the property is turn-key for the next owner. Located in a downtown-adjacent pocket of Sudbury, walking distance to the core and transit at the door, tenant demand on this street has remained consistently strong. Generating $90,000 in annual gross revenue with an NOI of $65,000 and a cap rate over 8%, this is a strong-performing investment opportunity with built-in upside. (id:63626)
Listed by: TYLER PERONI, Broker, SUTTON-BENCHMARK REALTY INC., BROKERAGE

Home facts and features

Price details
List Price
$775,000
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Home facts
Bedrooms
0
Full Bathrooms
Parking Details
Gravel
Property Type
Multifamily
Depth
Title
Freehold
Exterior Finish
Brick, Aluminum siding
Heating Type
Boiler
Basement Details
Full
Agent details
Primary Agent
Primary Broker
SUTTON-BENCHMARK REALTY INC., BROKERAGE
Secondary Agent
Secondary Broker
SUTTON-BENCHMARK REALTY INC., BROKERAGE
Listing details
Days on REW
16 Days
MLS® Number
2128100
Source
Canadian Real Estate Association
Board
Sudbury Real Estate Board
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25 Years
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3.99%

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Property Insights

Mishko-deh-Wendam School
  • Public
  • 7 - 12
Princess Anne Public School
  • Public
  • JK - 8
Lansdowne Public School
  • Public
  • JK - 8
Sudbury Secondary School
  • Public
  • 9 - 12
Marymount School
  • Catholic
  • 7 - 12
Alexander Public School
  • Public
  • JK - 8
St David Catholic School
  • Catholic
  • JK - 8
École publique Jeanne-Sauvé
  • Public
  • JK - 6
É Sép St-Joseph
  • Catholic
  • JK - 8
ÉS du Sacré-Coeur
  • Catholic
  • 9 - 12
School catchments and distances are intended to be used as reference only. To verify enrolment eligibility for a property, contact the school directly.Report Incorrect Info
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Call Agent
Broker
TYLER PERONI
Phone:
(705) 920-3756
Office:
705-566-5454
Broker
TANYA VANDEN BERG
Phone:
(705) 618-4663
Office:
705-566-5454
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By proceeding, you consent to receive communications using the methods provided, from REW.ca and our partners about your inquiry and other home-related matters to assist you in your search, but not as a condition of any purchase.